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$549,999 Just Listed
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Property Description
For the right operator, this is a real opportunity. 40 2nd Street is a fully operational 9-room boarding house with 2 private efficiencies in Bangor - an established income property with history, structure, and annual inspections in place. Three furnished rooms per floor (9 total) with shared kitchen and bath access. Two efficiencies with private baths and kitchenettes. Furnishings convey. Month-to-month tenancy model offers flexibility while maintaining consistent occupancy. This property has a system. It requires engagement. And in return, it performs. Located near downtown, hospitals, public transportation, and major commuter routes - a corridor that has supported this use for years. Financials available in MLS documents. Seller financing may be considered with 25% down; terms negotiable. For the investor who understands this asset class, 40 2nd isn't complicated - it's calculated.
Full Property Details
Full Property Details for 40 2nd St
General
- Price: $549,999
- Taxes: $3,122 (2025)
- Status: Active
- Type: Commercial Multi-Family
- Source: MREIS
- MLS ID: 1651834
- Updated: Today (2/13/2026)
- Added to Site: Today
Business
- Business Type: Special Purpose
Additional Information
- Equipment: Internet Access Available
Parking
- Parking Features: 1 - 4 Spaces, On Street
Location
- County: Penobscot
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Heat Pump
- Heating Type: Heat Pump, Baseboard
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Structure Type: Post & Beam
- Construction: Vinyl Siding, Aluminum Siding, Wood Frame
- Roof: Shingle
- Stories/Levels: 3
- Building Size: 3852
- Square Feet: 3,852
- Living Area: 3,852 Sq. Ft.
- Year Built: 1897
Lot Features
- Lot Size (Acres): 0.12
- Lot Size (Sq. Ft.): 5,227.2
- Zoning: 15 Multi Fam & Serv
- Lot Description: Near Turnpike/Interstate, Near Airport, Downtown, Business District, Bus Line, Historic District, Near Shopping, Retail Strip
Financial Considerations
- Tax Amount: $3,122
- Tax Year: 2025
Disclosures and Reports
- Lot Number: 43
Listed by CENTURY 21 Queen City Real Estate (207) 942-4618
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Schools
Schools serving 40 2nd St
School District:Bangor
| Name | Grades | Distance |
|---|---|---|
Vine Street School 66 Vine Street, Bangor, ME 04401 | PK-3 | 0.5 mi |
Fairmount School 58 13th Street, Bangor, ME 04401 | 4-5 | 0.8 mi |
James F. Doughty School 143 5th Street, Bangor, ME 04401 | 6-8 | 0.4 mi |
Bangor High School 885 Broadway, Bangor, ME 04401 | 9-12 | 2.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 40 2nd St
Date
Details
Price
Change
Source
2/13/2026
Listed
$549,999
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 40 2nd St
40 2nd Street, Bangor, ME 04401 (MLS# 1651834) is a Commercial Multi-Family property. 40 2nd Street is currently listed for $549,999 and was received on February 13, 2026. Want to learn more about 40 2nd Street? Do you have questions about finding other Commercial Multi-Family real estate for sale in Bangor? You can browse all Bangor real estate or contact a Coldwell Banker agent to request more information.

